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Lender's written agreement or applicable law. Borrower shall pay the amount of all mortgages insurance praaiutm in the
manner provided under paragraph 2 hereof.
Any amounts disbursed by Lender pursuant to this paragraph 7, with interat thereon, shall become additional
indebtednexs of Borrower secured by this Mortgage. Unless Borrower and Lender agt+ee to other terms of payment. such
amounts shall be payable upon notice from lender to Borrowtr requesting payment thereof, and shall bear interest from the
date of disbursement at the rate payable from time to time on artatanding principal under the Note unless payWSent of
interrst at such rate would be contrary to applicable law, in which event such amounts shall bear interest at the highest rates
permissible under applicable law. Nothing contained in this paragraph 7 shall toquire Lender to incur say expense a take
any sction hereunder.
A Ias~ectbw. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
that Lender shall give Borrower notice prior to any such inspection spexifying reasonable cause therefor related to I~ertdePs
interest in the Property. .
9. Ceswdewrptioa, The proceeds of any award or claim for damages, direct or consequential, in connection aitlt any
condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of cont>~mpatiop,,rsntherdsy assigned
and shall be paid to Lender. ; ,
~ in the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Mortgage.
with the e~ccess, if any, paid to Borrower. to the event of a partial taking of the Property. unless Borrower and Lender
otherwix agree in writing, there shall be applied to the sums secrrrcd by this Mortgage such proportion of the ptooeerk
as is equal to that proportion which the amarnt of the same secured by this Mortgage immediately prior to the date of
taking bears to the fair market value of the Properly immediately prior to the date of taking, with the balance of the proceeds
paid to Borrower.
If the Property is abandoned by Borrower. or if. after notice by 1_ender to Borrower that the condemnor oRers to matte
an award or settle a claim for damages. Borrower fails to respond to Lender within 30 days after the date such rtotioe is
mailed, Lender is authorized to collect and apply the proceeds, at Lender's option, either to re~toratioa or repair of the
Properly or to the sums secured by this Monttalte.
Unless Lender and Borrower otherwise agree in writing. any such application of proceeds to principal shall not esctard
or postpone the due date of the monthly installments referred to in paragraphs 1 and 2 hereof or change the amount of
such installments.
1@. Borrower Not Released. Extension of the time for payment or modifkation of amortizatwrt of the sums tsecttred
by this Mortgage granted by Lender to any successor in interest of Borrower shall not operate to release, in any manner,
the liability of the original Borrower and Borrowers successor in interest. Lender shall not be required to commence
proceedings against such successor or refuse to extend time for payment or otherwise modify amortization of the sums
secured by this Mortgage: by reason of any demand made by the original Borrower and Borrower's streceasors in interrst. f
11. Rorbearaace b7' Leader Not a Wsiver. Any forbearance by Lender in exercising any right or remedy hereumder, or t
otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or renrtedy. j
The proctrrcment of insurance or the payment of taxes or other liens or charges by Lender shall not be a waiver of Larder's
right to accelerate the maturity of the indebtedness secured by this Mortgage. ~
12. Rewedies; Caranlatlre. All remedies provided in this Mortgage are distinct and cumulative to any other right or
remedy under this Mortgage or afforded by law or equity, and may be exercised concurrently, independently or successively. ~
13: 3aceessors sad Asa~ws Eonad; .Joist sad $erersl 1.isbiBty; Captlows. 'fire covenants snd agreemxnts herein
contained shall bind, and the rights hereunder shall inure to. the respective successors and assigns of Lender sad Borrower,
subject to the provisions of paragraph 17 hereof. All covenants and agreements of Borrower shall be joir~ and several.
'iTne captions' and headings of the paragraphs of this Mortgage are for convenience only and are not to tie used to
interpret or define the provisions hereof.
14. Notice. Except for any notice required under applicable law to be given in another Wanner, (a) any notice to
Borrower provided for in this Mortgage shall be given by mailing such notice by certifkd mail addressed to Borrower at
the Property Addrexs or at such other address as Borrower may designate by notice to i.ender ss provided lee-rein. and
(b) any notice-to Lender shall he given by certified mail. return receipt requested, to Lender's address stated herein or to
such other address as Lender may designate by notice to Borrower ss provided herein, Arty notice provided for in this
Mortgage shall be dexmed to have been given to Borrower or Lender when given in the manner designated herein.
1S. Uaitona Me?rtgaRe; Gorera~ Law; Serersbaity. This form of mortgage combineas uniform covenants for national
use and non-uniform covenants wish limited variations by jurisdiction to constitute a uniform security instrument covering
real property. This Mortgage shall be governed by the law of the jurisdiction in which the Property is kacated. In the
event that any provision or clause of this Mortgage or the Note rnnflicts with appliabk taw, such conflict shall not affect
other provisions of this Mortgage or the Note which can be given effect without the conflicting provision. and to tha
end the provisions of the Mortgage and the Note arc declared to be severable.
1L. lorrower's Cody. Borrower shall be furnished a conformed cop~• of the Note and of this Mortgage at the time
of execution or after recordation hereof.
17.. Traaafer of the Property; Assamptiow. If all or any part of the Property or an interest therein is :old or transferred
by Borrower without Lender's prior written consent. excluding fat the creation of a lien or encumbrance subordinate to
this Mortgage, (b) the creation of a purchase money security interest for household appliances, (c) a transfer by devise,
de~certt or by operation of taw upon the death of a joint tenant or (d) the `rant of any leasehold interest of three yeah or kss
not containing an option to purchase, Lender may, at Lender s option, declare all the sums axured by this Mortgages to be
immediately due and payable. Lender shall have w•rive•d such option to accelerate if, prior to the sale or transfer. Lender
and the person to whom the Property is to be colt or transferred rersch agrexment in writing that the crsdit of such person
is utisfactory to Lender and that the interest payable on the sums secured by this Mortgage shall be at such rate as Lender
shall resquest. if Lender has waived the opion to accelerate provided in this paragraph 17, and if Borrowers successor in
interext has exescuted a written auumption agreement accepted in writing by Lender. Leander shall release Borrower from all
obiijations under this Mortgage and the Note.
If Lender exercises such option to accelerate, Lender shall mail Borrower notice of acceleration in accordanc-c with
peuagraph 14 hereof. Such notice shall provide a period of not leis than 30 days from the date the notice is mailed within
which Borrower may pay the wms declared due. If Borrower fails to pay such sums prior to the expiration of such period,
Lender may, without further notice or demand on Borrower, invoke any rensodia permitted by psrsgrsph 18 hereof. .
Non-1.1NIFORM CovENeNrs. Borrower and Lender further covenant and apse as follows:
li. AaYdentiow; Reraeries. Lueep ao'roviier M paragrapr 17 resent. spa iersaee+a's hewer est say c~onawat K
agrse~at ea! tersower i• trb Mexfgage. rreiarbrg ere a~orewaats to pay wires tae say sass ssewrci b this MartR,tRe. Lewder
prior 1o acede:stloa scant rwaN aetke to >sonewer as'roridsd Ia prse;rapr /4 tercet spcltyisp (1) pre rseaer; (2) ere sc1Mw
rgied 1s etrse ewer rraeri (3) a tialtq sot Jigs tlrau 3• days trots ere date ere aetke b wssflsi N ~nwer. b wrkr seer
rreaer aaast re e•wre~ sad (4) trot hBars to care asst rreaer era or reta+e tre rate speMsi L ere .otiee way ,salt les
seeedesadoa est ere sttt¦s ste:ae+er r7' rib Morl~ea /sserclsoare h' jadieial Noeeeriwg awtl sale eft Ire >reo'esty. Tro wotice ;
>tlsar tortrer Mona lenerwer of ere riRM to reiastMe after aceekratbw awr ere right to asseA i. ere torselsswe peeeeeit~
t11e woa~r:istewte err a ietaak or say estrer iete,ase of dorrowe~r to sccekntioa sad toseelosaee. g fre ireacr b wst castN N
or referee ere rNe gotiied i. ere aotke. Leader st /.e•ader'o o/tiow gray deeisne ar eft ere aarwo ssearsr Iry Irb MaelsaRe fta re
fewwrerbtely tae awd payarie wgroat tartrer remand swd sway tseselost: trls Mortgage ~ ~W N'nn~R• Lender draN
re ewtYlkd aoieet V net ps+sesedisg >r espewses rrt fesrecloserre. iaclading, rat war ¦¦skor Nr reassearie s+ft.xser's tees.
awi carats err isearwewtary erNeaee, sMtracts sad title naprb.
if. /erreewea's Rfgltt N Reiwate. Notwithstanding Lender's aooekration of the soars secured by the: Mortgage,
Borrower shall have the right to have any proceedings begun by Lender to enforce this Mortgage discontinued at any time
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